Case Study On Asset Securitization Of Small Loan Of Anxin

In recent years,China's small loan companies have been in a rapid development stage,and continue to provide financial support for small and micro enterprises,farmers and individuals.However,the traditional financing channels of China's small loan companies are mainly internal capital increase and share expansion,borrowing from banks,trust financing,issuance of stocks on the market,etc.,in these financing channels,either the utilization is low,or the feasibility is low To a great extent,it can't solve the problem of financing difficulty and high cost of small loan companies.In this context,how to innovate financing channels and reduce financing costs has become an urgent problem.Through the research,it is found that small loan companies can optimize the financial structure and obtain funds at low cost by designing asset-backed securities,and activate the stock assets of enterprises;on the other hand,it can effectively avoid the restrictions of current financial policies on their financing,which is conducive to sustainable development.Therefore,asset securitization is a feasible and innovative financing scheme that can effectively solve the capital problem of small loan companies.Under the background of China's economic transformation,asset securitization is an important tool to improve the efficiency of capital allocation and activate the stock assets.It is the most important and fastest-growing financial innovation in the world's financial field in the past 30 years.It is also an effective choice for financial enterprises and non-financial enterprises to realize the transformation and development.In the environment of mature market conditions,continuous improvement of policy conditions and government support,asset securitization in China will maintain the momentum of rapid development in the future,and asset securitization will become the general trend.Based on the review of the development process and current situation of China's small loan companies,this paper summarizes the research on the financing problems and asset securitization of small loan companies at home and abroad.Combined with the basic principles of asset securitization and cash flow principles,asset restructuring principles,bankruptcy isolation principles,credit enhancement principles and other theories,it discusses the small loan of Anxin by case analysis Asset securitization financing mode of the company.This paper details the case background of "Anxin small loan asset support special plan",the advantages of asset securitization of small loan company,the introduction of project scheme,including project participants,transaction structure,basic assets,credit enhancement measures and the introduction of the final asset support products,and the necessity of asset securitization of Anxin small loan company,project implementation effect,Anxin small loan This paper analyzes the reasons and problems of the successful financing of asset securitization.Finally,according to the problems in the process of small loan asset securitization of Anxin,it puts forward suggestions from the two perspectives of the development of small loan companies and the policy level,providing new ideas and reference for other small loan companies in China to expand financing channels.